Zacks downgraded shares of Krispy Kreme Doughnuts (NYSE:KKD) from an outperform rating to a neutral rating in a research note released on Wednesday morning, Analyst Ratings.Net reports. They currently have $22.40 target price on the stock.
Zacks has also updated their ratings on a number of other consumer discretionary stocks in the last week. The firm reiterated its neutral rating on shares of Buffalo Wild Wings Inc.. They have a $109.00 price target on that stock. Also, Zacks reiterated its neutral rating on shares of Wynn Resorts Ltd.. They have a $140.00 price target on that stock. Finally, Zacks upgraded shares of Multimedia Games Holding Co. Inc. from a neutral rating to an outperform rating. Zacks now has a $35.60 price target on that stock.
Krispy Kreme Doughnuts (NYSE:KKD) opened at 21.58 on Wednesday. Krispy Kreme Doughnuts has a 52-week low of $6.03 and a 52-week high of $21.69. The stock’s 50-day moving average is currently $18.97. The company has a market cap of $1.413 billion and a price-to-earnings ratio of 65.39.
A number of other firms have also recently commented on KKD. Analysts at Thomson Reuters/Verus upgraded shares of Krispy Kreme Doughnuts from a sell rating to a hold rating in a research note to investors on Monday, July 1st. Separately, analysts at Davenport initiated coverage on shares of Krispy Kreme Doughnuts in a research note to investors on Wednesday, June 26th. They set a buy rating on the stock. Finally, analysts at Longbow Research raised their price target on shares of Krispy Kreme Doughnuts from $20.00 to $23.00 in a research note to investors on Tuesday, June 18th.
Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $17.01.
Krispy Kreme Doughnuts, Inc (NYSE:KKD) is a retailer and wholesaler of doughnuts complementary beverages and treats and packaged sweets.
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